Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 27

Which adjustment is made to gross domestic product (GDP) to calculate a measure of economic welfare (MEW)?

1. Aenvironmental costs and benefits: no; the value of leisure activity: no; the value of unpaid work: yes
2. Benvironmental costs and benefits: yes; the value of leisure activity: no; the value of unpaid work: no
3. Cenvironmental costs and benefits: yes; the value of leisure activity: yes; the value of unpaid work: no
4. Denvironmental costs and benefits: yes; the value of leisure activity: yes; the value of unpaid work: yes

As printed in the paper